Northland Power (TSE:NPI) Given New C$29.00 Price Target at Desjardins

Northland Power (TSE:NPIFree Report) had its price objective increased by Desjardins from C$27.00 to C$29.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the solar energy provider’s stock.

NPI has been the subject of a number of other reports. CIBC raised their target price on shares of Northland Power from C$29.00 to C$30.00 and gave the stock an outperform rating in a report on Friday, May 17th. BMO Capital Markets decreased their target price on Northland Power from C$31.00 to C$30.00 and set an outperform rating on the stock in a report on Thursday, February 22nd. Raymond James lowered Northland Power from a strong-buy rating to an outperform rating and cut their target price for the stock from C$32.00 to C$30.00 in a research report on Thursday, April 25th. TD Securities increased their price target on Northland Power from C$27.00 to C$28.00 and gave the company a buy rating in a research report on Friday, May 17th. Finally, Scotiabank raised Northland Power to a hold rating in a research note on Thursday, May 16th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Northland Power presently has a consensus rating of Moderate Buy and an average target price of C$32.13.

View Our Latest Stock Report on Northland Power

Northland Power Price Performance

Shares of TSE NPI opened at C$24.24 on Thursday. The firm has a 50-day moving average of C$22.39 and a two-hundred day moving average of C$23.09. The company has a market capitalization of C$6.22 billion, a price-to-earnings ratio of -34.63, a PEG ratio of 0.71 and a beta of 0.44. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 164.02. Northland Power has a twelve month low of C$19.36 and a twelve month high of C$29.36.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Friday, May 31st. Northland Power’s dividend payout ratio (DPR) is -171.43%.

Northland Power Company Profile

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.

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Analyst Recommendations for Northland Power (TSE:NPI)

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